The OECD reported that South Korea needs to pursue expansionary fiscal policies such as a supplementary budget, but should take a cautious approach to tightening mortgage loan regulations in light of the housing market situation and rising household debt.

The Organization for Economic Cooperation and Development, which brings together 35 developed countries, maintained its 2018 forecast for Poland at 3.1 percent.

In 2017, India's GDP growth is expected to hit 7.3 per cent and 7.7 per cent the following year, slightly better lift than figures released by the Statistics Office last week, but largely in tandem with a World Bank report on robust growth in the country.

"Economic activity slowed in 2016 against the backdrop of a failed putsch in July and increased geopolitical tensions in the region", the organization said in its economic outlook for June 2017. "Weaker growth could push the unemployment rate above 5 per cent".

Lifted by improving worldwide trade in Asia and fiscal stimulus, Japanese growth was seen at 1.4 percent this year before slowing to 1.0 percent next year, both slightly raised from the OECD's March estimates of 1.2 percent and 0.8 percent respectively.

It will also help counter the build-up of other financial distortions that can accompany a sustained low-interest-rate environment.

The world economy is on the mend, according to the OECD, which released its biannual growth outlook on Wednesday.

Consumption growth will remain stable and recovering global demand will support exports.

Over Seoul's decision to deploy a US -led missile system, the Beijing government's retaliatory measures against Korean-made consumer goods and a ban on tour groups may drag down the country's GDP growth by 0.2 percentage point, as China accounts for a quarter of South Korean exports, it added.

China's GDP growth is expected to be 6.6 per cent in 2017, within the government's growth bracket, but fall to 6.4 per cent in 2018.

Share

Related Articles

But, Crean has also expressed an interest in returning to coaching at some point. "That this program was run the right way". Matta got his first head coaching job was at Butler in 2000 where he stayed one year before going to Xavier from 2001-2004.

The Iranian minister maintained that Donald Trump should stop making baseless allegations of terrorism against other countries. The United States and Gulf Arab countries announced agreement to coordinate efforts against the financing of terrorist groups.

That left it up to Owings , another pinch-hitter. "It's really awesome to see a guy like that get an accomplishment like this". Volquez and Ventura were teammates with the Kansas City Royals , helping the team capture the 2015 World Series title.

The four-time world champion gained 19 points on the Briton, who was only seventh, and is now 25 points clear at the top. He came back out into traffic in the shape of Pascal Wehrlein's Sauber that needed to be lapped.

It later annexed east Jerusalem in a move never recognised by the worldwide community and claims the entire city as its capital. Trump also laid a wreath and spoke at a ceremony at the Yad Vashem Holocaust memorial in Jerusalem on Tuesday.

So far, the service has limited payments to purchases of products and services from companies and other organizations. The next Mac version will be called High Sierra, suggesting that it's a refinement of the current version, Sierra.

One family told firefighters they had evacuated from their home so quickly that they had left food cooking on a stove. Mandeville Canyon Road was shut down at Sunset Boulevard to accommodate fire fighting operations, Stewart said .

Scott Dixon , Buddy Lazier and a photographer were involved in nasty accidents at Sunday's Indianapolis 500 . The damage was so severe to the catchfence that it required an 18 minute red flag to correct and fix .

Celtics coach Brad Stevens wants his team to find motivation in how the series played out after a fulfilling season. They've given themselves a chance to erase the sting of their 44-point loss in Game 2.

Latest news

Some Features of macOS High Sierra
This is fast and can offer up to 10x times better performance and is used for machine learning for deep learning algorithms. App Store will be available for users as part of the iOS 11 , which is coming as a free software update later this year.

London Police Report 'Incident' on London Bridge
The BBC showed a photograph of two possible London attackers shot by police, one of whom had canisters strapped to his body. The incident comes less than two weeks after 22 people were killed in a bomb blast following a Manchester concert.

May's lead widens ahead of June 8 election - ORB poll
May argues only she can provide the "strong and stable" leadership needed to secure a satisfactory exit from the European Union. But Theresa May should have learnt from the past that opinion polls could be as unreliable as voters are fickle.

Donald Trump's Middle East Comment in Israel
Trump received a warm welcome in Tel Aviv after becoming the first USA president to include Israel on his maiden overseas trip. Although Trump was the not the first president to visit the Western Wall , he was the first sitting president to do so.

Macron holds 'extremely frank' talks with Putin
Ahead of the visit, Macron told a French weekly that he was not "bothered" by leaders who "think in terms of power dynamics". But he also defended his March meeting with Macron's rival in the presidential race, far-right leader Marine Le Pen .

Cop Who Fatally Shot Tamir Rice Fired
Loehmann's firing on Tuesday is the closest Rice's family have come to seeing their criticisms of their son's killer validated. The killing became part of a national outcry about police violence against minorities, particularly black boys and men.